Refinancing with a VA Loan

The VA Home Loan program provides qualified homeowners with a simple way to take advantage of lower
rates and decrease their monthly mortgage payment. Beyond that, military homeowners can get cash back
on a VA refinance and use the proceeds for a variety of needs, from paying off debt or making home
improvements and much more. The current economic climate makes now a great time or many military
homeowners to take advantage of the numerous benefits found in a VA refinance.
To get started, call 1-800-884-5560 or
start your VA Refinance quote online.

Two main programs help VA borrowers refinance to a lower rate -- the
VA Streamline Refinance, also known as the
Interest Rate Reduction Refinance Loan
(IRRRL), and the
VA Cash-Out Refinance.

Two Great VA Loan Refinancing Options:

VA Streamline (IRRRL) Refinance

Cash-Out Refinance

Often called a "Streamline" refinance, the Interest Rate Reduction Refinance Loan (IRRRL) option is great for existing VA Loan holders who are looking to realize significant savings and take advantage of lower interest rates.

A "cash-out" refinance is an option for those with a VA or conventional loan looking to take advantage of their home's equity to access cash for home improvements, emergencies, pay off debt, or any other purpose.

A Streamline Refinance allows veterans who currently have a VA Loan to refinance into a lower interest rate, reducing monthly mortgage costs. Streamline refinance loans feature little paperwork and often require little-to-no costs out of pocket. Borrowers can roll closing costs into their overall loan amount. Some homeowners can also secure a Streamline refinance without an appraisal.

The other popular option, known as the Cash-Out Refinance, allows borrowers to tap into their home's
equity and use it as cash. This type of refinance is available to any qualified
veteran homeowner, regardless of whether they have a FHA,
USDA or conventional loan.

The current economic climate makes now a great time for many
military homeowners to take advantage of the numerous
benefits found in a VA refinance.

A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.
Customers with questions regarding our loan officers and their licensing may visit the
Nationwide Mortgage Licensing System & Directory
for more information.